Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.252%7-day average −0.213% · you buy dearer than you sell

Net, funding: paid 7d − costs−$573as in the Funding arb table

Net, price: spread back to 7d avg − costs−$575as in the Price arb table

costs, in and out, $10k−$5715.711% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.252%, 7d avg −0.213%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.039% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.213%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SYRUPUSDTM	0.2239	0.0100	pay 0.0050% / 4h	1h 34m	$1.9M	$151K	25x
Short	Binance SYRUPUSDT	0.2233	0.0100	get 0.0050% / 4h	1h 34m	$9.2M	$7.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now −0.252%Rate

Funding earned: $0
Price spread: −0.252% → −0.213%: −$3.9
Slippage, 4 orders: −$549.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$575.05
Costs to cover: 5.711%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	20.95 bp	281.9 bp −$282	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.02 bp	25.6 bp −$26	90.8 bp −$908	doesn't fit	doesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SYRUP-USDT	+0.0075%	4h	0.2238	−0.031%	$438K	$126K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2238	−0.031%	$206K	$218K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2239	−0.009%	$5.6M	$1.8M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2235	−0.181%	$14K	$66K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2233	−0.252%	$9.2M	$7.0M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2235	−0.147%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2234	−0.214%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2236	−0.134%	$414K	$70K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2234	−0.214%	$2.9M	$422K	100x	as long as short
KuCoin SYRUPUSDTMlong	+0.0100%	4h	0.2239	long leg	$1.9M	$151K	25x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2236	−0.125%	$699K	$498K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2235	−0.174%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2240	+0.039%	$161K	$37K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2235	−0.191%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2235	−0.166%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0828%	1h	0.2236	−0.117%	$40K	$25K	10x	as long as short